THE TALLY/On the rise: Gross Metropolitan Products
Throughout the nation, Gross Metropolitan Products (GMP) show a slow but steady growth. Metro economies accounted for 85.6 percent of last year's Gross
Throughout the nation, Gross Metropolitan Products (GMP) show a slow but steady growth. Metro economies accounted for 85.6 percent of last year’s Gross Domestic Product, up slightly from 84.5 percent in 1992, according to a recent report by Waltham, Mass.-based Global Insight. Listed below are the five metro areas with the largest GMPs in 2002, along with their GMPs for the preceding three years.
Metro area | GMP (in billions of dollars) | |||
---|---|---|---|---|
2002 | 2001 | 2000 | 1999 | |
1. New York | $448.9 | $445.5 | $438.4 | $409.1 |
2. Los Angeles-Long Beach, Calif. | $411.0 | $395.0 | $375.8 | $347.6 |
3. Chicago | $349.5 | $342.1 | $332.9 | $315.3 |
4. Boston | $266.9 | $258.7 | $248.7 | $228.0 |
5. Washington, D.C. | $236.5 | $227.8 | $215.1 | $197.8 |
*Gross Metropolitan Product is a measure of the total value of goods and services produced in a metro area. | ||||
Source: Global Insight report commissioned by the U.S. Conference of Mayors |
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